Standard Chartered PLC (STU:STD)
€ 9.04 -0.072 (-0.79%) Market Cap: 23.17 Bil Enterprise Value: 32.71 Bil PE Ratio: 8.82 PB Ratio: 0.51 GF Score: 72/100

Q1 2022 Standard Chartered PLC Earnings Call Transcript

Apr 28, 2022 / 07:00AM GMT
Release Date Price: €6.5 (+14.04%)
Operator

Welcome to the Standard Chartered PLC's First Quarter 2022 Results. Today's presentation is being hosted by Bill Winters, Group Chief Executive; and Andy Halford, Group Chief Financial Officer. (Operator Instructions)

At this point, I would like to hand over to Bill to begin.

William Thomas Winters
Standard Chartered PLC - Group Chief Executive & Director

Good morning and good afternoon, everybody, and thanks very much for joining us for today's first quarter results presentation. So I'm going to make a few introductory comments, and then Andy will talk through the results in some detail. We'll then both be back for Q&A as usual.

We posted a really strong set of results for the first quarter in what's been a very volatile and challenging environment. Our profit before tax grew 5% year-on-year with strong business momentum driving top line growth of 9% with record Financial Markets performance and double-digit growth in net interest income, along with an 11.1% return on tangible equity.

During this period, we actively

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